UK-based Oriel Asset Management has entered into an agreement with Williams de Broë Asset Management over the running of the WDB Oriel UK Fund, the WDB Oriel European Fund and the WDB Oriel Global Fund with assets of £90m. Managers Patrick Bart
According to survey respondents, the introduction of central clearing is expected to result in lower margins, increased collateral requirements and a general increase in the cost of doing business in areas such as OTC derivatives.
"Inflows have remained steady, while outflows have spiked in line with quarter-end rebalancing," Bill Stone, Chairman and Chief Executive Officer at SS&C Technologies, said.
In July, the group said it was considering the sale of its insurance business, which is one of its main cash generators.
Other funds in the bestsellers list included the £12.7bn Standard Life Global Absolute Return Strategies fund, the £2.9bn Newton Global Higher Income fund and the £550m Liontrust Special Situations fund.
The largest platforms are ignoring investment trusts, citing lack of demand but failing to provide the required whole of market offering to advisers, James de Sausmarez has claimed.
The Ardon Asia Fund will invest primarily in Australia, China, Hong Kong, Korea and Singapore
The properties were sold by Royal Bank of Scotland Group Plc in a deal that will probably be completed by the end of the year, Axa Real Estate and Norges Bank Investment Management said in separate statements today.